Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of August, 2016

Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of August, 2016
The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of August, 2016 declined by 0.4 percent to 183.1 (provisional) from 183.9 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at 3.74% (provisional) for the month of August, 2016 (over August, 2015) as compared to 3.55% (provisional) for the previous month and -5.06% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 4.45% compared to a build up rate of 0.23% in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.
The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group declined by 0.2 percent to 268.9 (provisional) from 269.5 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-

The index for ‘Minerals’ group rose by 3.5 percent to 216.3 (provisional) from 208.9 (provisional) for the previous month due to higher price of copper ore (17%), sillimanite (4%), crude petroleum (2%) and phosphorite, iron ore and limestone (1% each). However, the price of manganese ore and zinc concentrate (1% each) declined.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 3.0 percent to 182.2 (provisional) from 187.9 (provisional) for the previous month due to lower price of high speed diesel (6%), aviation turbine fuel (5%), petrol and furnace oil (4% each), LPG, kerosene, and bitumen (1% each).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.2 percent to 156.7 (provisional) from 156.4 (provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.5 percent to 221.9 (provisional) from 220.7 (provisional) for the previous month due to higher price of cigarette and chewing tobacco (scented or not ) (2% each) and soft drinks & carbonated water and rectified spirit (1% each). However, the price of imfl-blended (4%) and dried tobacco (1%) declined.

The index for ‘Textiles’ group rose by 0.4 percent to 142.1 (provisional) from 141.5 (provisional) for the previous month due to higher price of jute sacking bag (5%) and jute sacking cloth, cotton yarn and man made fibre (1% each). However, the price of gunny and hessian cloth (2%) declined.

The index for ‘Wood & Wood Products’ group rose by 0.8 percent to 197.6 (provisional) from 196.1 (provisional) for the previous month due to higher price of processed wood and timber / wooden planks (1% each).

The index for ‘Paper & Paper Products’ group rose by 0.2 percent to 157.0 (provisional) from 156.7 (provisional) for the previous month due to higher price of newspaper (4%), corrugated sheet boxes (2%) and books/ periodicals/ journals (1 %). However, the price of newsprint (4%) and printing and writing paper and laminated paper (1% each) declined.

The index for ‘Leather & Leather Products’ group declined by 0.1 percent to 146.1 (provisional) from 146.3 (provisional) for the previous month due to lower price of leathers (1%).

The index for ‘Rubber & Plastic Products’ group rose by 0.8 percent to 147.6 (provisional) from 146.5 (provisional) for the previous month due to higher price of rubber products (3%) and tubes (1%).

The index for ‘Chemicals & Chemical Products’ group rose by 0.1 percent to 151.2 (provisional) from 151.1 (provisional) for the previous month due to higher price of lacquer & varnishes (2%) and antacid and digestive preparations, synthetic resin and basic inorganic chemicals (1% each). However, the price of rubber chemicals (1%) declined.

The index for ‘Transport, Equipment & Parts’ group rose by 0.1 percent to 139.7 (provisional) from 139.6 (provisional) for the previous month due to higher price of engine assembly & chassis (2%).

FINAL INDEX FOR THE MONTH OF JUNE, 2016 (BASE YEAR: 2004-05=100)

For the month of June, 2016, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 182.9 as compared to 182.0 (provisional) and annual rate of inflation based on final index stood at 2.12 percent as compared to 1.62 percent (provisional) respectively as reported on 14.07.2016.